Quotes from the news wire:
It's telling that the multinationals are taking this sanctions business very seriously and are preparing to pull out of Iran. That's really crystallizing the loss of production we're facing.
Found on Reuters 3 years ago
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There was a lot of anticipation in the market that there was going to be a lot of new oil coming to market, and that isn't going to happen, at least for now.
Found on Reuters 4 years ago
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A move to put more oil on the market by Saudi Arabia and Russia would be very bearish for prices. The mere contemplation of it has hit oil prices this week.
Found on Reuters 4 years ago
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You had a series of weak economic data points overnight.
Found on Reuters 4 years ago
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It's the same witches brew of bullish stuff: Iran, Venezuela, the lack of alacrity by Saudi Arabia to bring more oil onto the market.
Found on Reuters 4 years ago
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This may one of the most bullish reports that I surveyed - even with domestic production rising to 10.7 million barrels per day, [S]uper-high gasoline demand and crude oil exports of nearly 2 million bpd, once again, add to the bullish tone.
Found on Reuters 4 years ago
Company News
You can talk all you want about oil demand being better next year and beyond, but right now we have a heck of a glut on our hands that I think has to be priced in some more.
Found on Reuters 6 years ago
Company News
Tensions are so high in that region with the impending Iran-U.S. nuclear deal that any event implied to be U.S.-linked has an immediate effect on oil prices.
Found on Reuters 7 years ago
Company News
It's a push and pull situation with the Yemen tensions giving Brent support while U.S. prices get pulled down as people steel themselves for another inventory rise next week.
Found on Reuters 7 years ago
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The supply dynamic will be reinforced by the inventory reports and the data are simply too compelling to ignore, and it has consistently undermined the recent rallies.
Found on Reuters 7 years ago
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WTI could certainly be down a couple of dollars more next week, and test newer lows from there.
Found on Reuters 7 years ago
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